Are public contracts less adaptable than private contracts? Using a comprehensive set of contracts for a standard product, we compare procurement contracts in which the procurer is either a public administration or a private corporation. We find that public-to-private contracts feature more...

We analyze the implications of plausible third-party challenges to the legitimacy of a transaction for contract design. To the extent that such challenges impose reputation and transaction costs, the scrutinized agent has an incentive to choose contractual procedures that make challenges less...

This paper approaches the relations and connections between democracy and politics, from the perspective of the Romanian electoral mechanisms and processes. Essentially, it concerns the manner how the electoral life has determined irreversible processes in Romania after 1989. As country aspiring...

Since the end of the 1990s, local governments in Japan have enacted Information Disclosure Ordinances, which require the disclosure of official government information. This paper uses Japanese prefecture-level data for the period 1998–2004 to examine how this enactment affected economic...

Research on administrative reform in Europe has demonstrated a significant variation among countries in how they choose reform strategy. We know very little about what explains the variation with regard to the extent with which the countries conduct the reforms and how they effectively...

Research on administrative reform in Europe has demonstrated a significant variation among countries in how they choose reform strategy. We know very little about what explains the variation with regard to the extent with which the countries conduct the reforms and how they effectively...

Since the end of the 1990s, local governments in Japan have enacted Information Disclosure Ordinances, which require the disclosure of official government information. This paper uses Japanese prefecture-level data for the period 1998?2004 to examine how this enactment affected the rate of...

If the Stock Market crashes, the Federal Reserve System (the Fed) ought to open the Discount Window to Main Street, by making 1. loans only for the creation of real wealth; 2. loans at cost; 3. loans to benefit as large a number of people as possible by issuing loans to individual entrepreneurs,...

This paper discusses the problems and issues on the political failures in Bangladesh as well as identifies some possible solutions. The approach here is analytical mostly reviewing current news, reports and other related materials. A comparative study is also done between the present and...

The study focuses on the political economy of oil resources management in Nigeria with the sole purpose of showcasing how far the country has gone in effectively managing its crude oil proceeds. It presents a brief history of the excess crude account as well as the sovereign wealth fund in...